Mentioned:
Palantir has rapidly become one of the most innovative technology companies in the world for defense and national security. And now, they’re coming after aviation next.
What’s happening:
- Archer Aviation (NYSE: ACHR) and Palantir (NASDAQ: PLTR) have formed a new partnership focused on using Palantir’s software platforms for new breakthroughs in aviation technology and manufacturing
Why it matters:
- This is one of the first major partnerships Palantir has entered into that is focused on leveraging artificial intelligence technology for aviation and aircraft manufacturing in the United States of America
Going deeper:
- The new partnership between Palantir and Archer Aviation will initially be focused on leveraging Palantir’s Foundry and AIP platforms to scale Archer Aviation’s manufacturing facilities located in Georgia and Silicon Valley
- Archer Aviation has also publicly stated they are aiming to be able to use Palantir’s technology to develop new leading edge software for air traffic control, movement controls and route planning
The intrigue:
- American drone company Ondas Holdings (NASDAQ: ONDS) also just recently made waves when they struck a new deal with Palantir, which is focused on leveraging their Foundry platform to accelerate autonomous drone operations
